KAR 4.26% $1.46 karoon energy ltd

tcisboss action required, page-12

  1. 1,268 Posts.
    Ya,

    Looks like you're a hero. I also thank you and anyone else with info that helps understand the situation instead of southern cross yahooing about Nancies who took profit etc. My background is 25 years of 2D and 3D seismic and copped some of the same you did by posting a brief explanation during drilling of why seismic could be out.

    Karoon obviously has great potential as an explorer, but production and cash flow is still a long way off. And Ya, as you know, it takes hundeds of millions of dollars to continue. One 3D seismic survey and processing can be well in excess of $20,000,000 USD. I believe they will get there in time, but meanwhile I predict the SP will languish around these levels, if not even fall some.
 
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